Tag: plans

eBay plans to lay off 1,000 workers
Business

eBay plans to lay off 1,000 workers

Alex Omenye E-commerce giant eBay said on Wednesday that it intends to lay off 1,000 workers, or around 9% of its staff due to the current state of the economy. In a blog post, the company announced that it will be eliminating contract positions in the upcoming months. CEO Jamie Iannone acknowledged that although the […]

Power crisis hits manufacturers as energy costs rise 27%
Business

FG plans to sell five power plants for $1bn

The Federal Government, through the Bureau of Public Enterprises, is now conducting transactions to sell five power plants under the National Integrated Power Projects for around $1.15 billion. Although individuals involved with the development said that the cost of the plants should surpass $5 billion based on worldwide benchmarks, they revealed that the BPE was […]

Dangote fuel will be sold in naira not dollars - IPMAN
Oil and Gas

No plans to increase fuel price – NNPCL

The Nigerian National Petroleum Company Limited (NNPC Ltd) has stated that there would be no increase in the price of Premium Motor Spirit, commonly known as petrol. This was announced in a statement on X which was signed by the company’s chief corporate communications officer, Olufemi Soneye, as it warned motorists against panic buying. The statement came […]

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